Obama To Sign Sales Tax Credit For New Motorcycle Purchase

[BEER30]

Obama To Sign Sales Tax Credit For New Motorcycle Purchase

 

 

February 18, 2009 - 02:38 PM

http://www.wingstuff.com/files/blogs/00195_obama_tax_credit/tax_credit.jpg Tax Credit For Purchase Of New Motorcycles

 

Thanks to the efforts of the AMA (American Motorcyclist Association) along with Harley and many others, this bill will be signed into law by President Obama. This historic motorcycle event will allow motorcycle riders to deduct their sales and excise tax with the purchase of a new motorcycle. It is now part of the presidents stimulus package that will help dealers sell more bikes.

Historic Motorcycle Tax Credit Relief Bill

 

Motorcycles will now be included as "Qualified Vehicles" in section 1008 of the legislation of this tax relief bill. Anyone purchasing a new motorcycle can deduct the Sales and Excise Tax Paid on their 2009 tax return. Prior to the latest version of this bill, Washington wanted to only apply this tax relief credit to the purchase of a new car or truck only.

 

Thanks to everyone at the AMA, Harley and other groups who worked so hard for the motorcycle community, motorcycles have now been added to the bill and will be part of President Obama's national stimulus plan.

Motorcycles Help Our Nations Economy

 

Motorcycles save gas, reduce traffic congestion and have become a practical form of transportation worldwide. Here in the United States the highest percentage has always been for enjoyment and recreation. Abroad, most countries found motorcycles and scooters to be the smartest form of transportation, reducing fuel costs and traffic congestion.

 

States like California, with high traffic congestion and smog in some cities have already passed laws allowing motorcycles to use the car pool lane as well as splitting lanes in traffic, provided proper speed limits are respected.

 

So many of our own regular Gold Wing customers have been using their bikes as transportation to and from work for these very reasons. They are able to use the car pool lanes, get to and from work faster and save fuel while riding their motorcycles everyday and enjoying every minute of it.

http://www.wingstuff.com/files/blogs/00195_obama_tax_credit/europe_bikes.jpg Motorcycles & Motor Scooters Abroad

 

Visit countries like Italy, you will soon find the only way to get around the city is by motor scooter or motorcycle. It is also the only way to find parking due to lack of parking in busy cities. That trend has becoming more popular here in the United States for the same reasons.

 

I recently visited Italy this past year and enjoyed seeing mothers riding sons and daughters to school each morning. Most were outfitted with rear trunks for storage, wind protectors and side bags to carry anything from books to groceries. This photo was taken while walking down a typical street in Florence, Italy.

 

You soon realize motor scooters and motorcycles were the smartest form of transportation. Most business men traveled across the city on scooters, while most small cars were stuck in traffic. Besides saving gas and reducing traffic, motorcycles and motor scooters are the only way you'll find a parking spot in and around the cities of europe.

The Future Of Motorcycles

 

Motorcycle riding is a growing trend that will continue to grow into the future. With gas prices rising years ago overseas, it has always been a worldwide trend that saves fuel, reduces traffic, besides enjoyable. Bottom line, motorcycles are far more efficient than cars and help reduce traffic in busy cities.

 

Safety features like motorcycle Air Bags such as the legendary Honda Gold Wing GL1800, as well as luxury features such as XM, Siruis Radio, CB, Cell Phone intergration, GPS, Intercoms, Heated Seats, Armrests, Drink Holders has created a comfort level for the rider and co-rider equal or better than driving an automobile.

Motorcycles Bring People Together

 

Saturday at Wingstuff is a good example of motorcycle people having a good time. There's always fresh coffee, donuts, bottled water and plenty of people to hang out with, and lots of Gold Wing accessories to browse. Locals typically arrange rides in the morning where everyone's welcome. What a great way to meet friends while riding with some of the nicest people you'll ever meet.

 

Joining motorcycle clubs like the GWRRA, GWTA and others are great ways to meet new riding friends. No other motorcycle has done a better job in creating friendships than the Honda Gold Wing motorcycle has over the years.

 

We see this motorcycle tax credit in President Obama's stimulus package as a huge step towards encouraging more people to buy and ride motorcycles here in the United States.

Post Thoughts And Comments

 

Will this Sales Tax Credit motivate you to buy a new Honda Gold Wing motorcycle this year? Share your thoughts and comments, lets see what everyone thinks.

 

Ride Safe And See You On The Open Road

 

Rick Arnoldo

President - Wingstuff.com

 

Source , HERE

 

 

BEER30

[eazyduzzit]

Finally some good news. I just wish I could afford to buy one.

[BigBoyinMS]

Every other article I've read says it's a 'deduction" and this one starts out saying 'credit' and later'deduction'. There's a big difference between the two.

I'm pretty sure it's a deduction. If so, you have to be able to itemize. Bottom line is that it will save you way less than $100.

 

Edit: I see that you don't have to itemize... but it still amounts to diddley.

 

The full scoop...

http://thekneeslider.com/archives/2009/02/18/motorcycle-tax-deductions-in-stimulus-package/